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Zenith Minerals Limited ( (AU:ZNC) ) just unveiled an announcement.
Zenith Minerals Limited has successfully completed a A$3.5 million rights issue to accelerate exploration and resource growth at its Dulcie Gold Project and Red Mountain Gold Project. This funding strengthens Zenith’s financial position, enabling it to pursue significant exploration activities, including a comprehensive drilling campaign at Dulcie and targeted deep diamond drilling at Red Mountain, aimed at increasing mineral resource estimates and progressing towards potential gold production.
More about Zenith Minerals Limited
Zenith Minerals Limited is a company in the mining industry, primarily focused on gold exploration and resource development. The company is engaged in high-impact exploration drilling and gold resource growth initiatives, with a market focus on expanding its mineral resource estimates and advancing towards commercial gold production.
Average Trading Volume: 125,857
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$18.53M
Find detailed analytics on ZNC stock on TipRanks’ Stock Analysis page.